The next item on my ultimate kitchen  list is a 2 quart saucepan. This size is perfect for sauces, heating up small amounts of soup, oatmeal, etc.
Try to find one that has a good grip and a handle that will not conduct too much heat. It should also have a heavy base that will conduct heat evenly. Also, make sure that the pan you choose comes with a well fitted lid.
A good choice for your kitchen is a stainless steel pan with a copper core or bottom. The copper in this 2 quart saucepan from All-Clad  will provide for quick and even heat distribution and the stainless steel won't react with food. It has long "stay-cool" handles and a rolled edge rim for dripless pouring. However, it's definitely a splurge at $235 (registry time!).
Two reasonably priced saucepans to check out, so
Cusinart's Nonstick Hard-Anodized  model is a good choice for a low price ($21.99). It has a "stay-cool" steel handle, distributes heat well, is nonstick, comes with a break-resistant glass lid and is oven safe up to 500 degrees. The downfall with this particular pan is that due to the non-stick coating, it can not be placed in the dishwasher.
Another option is a 2 quart saucepan with double boiler . This one by Farberware is made from stainless steel, has an aluminum core (for heat conductivity), has stay cool handles, and is dishwasher safe. The pots can be used separately (although the upper pan is much thinner and conducts heat rapidly) or combined as a double-boiler (for melting chocolate, etc.). In fact, it's almost like two pans for the price of one ($29.99).